Modine Manufacturing Company (NYSE:MOD) Given Average Rating of “Moderate Buy” by Analysts

Modine Manufacturing Company (NYSE:MOD) has earned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $182.00.

MOD has been the subject of a number of recent research reports. UBS Group assumed coverage on shares of Modine Manufacturing in a research report on Thursday, November 20th. They set a “buy” rating and a $173.00 price target for the company. DA Davidson reissued a “buy” rating and issued a $200.00 target price on shares of Modine Manufacturing in a research note on Wednesday, November 19th. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. KeyCorp upped their price target on shares of Modine Manufacturing from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Modine Manufacturing in a research note on Monday, December 29th.

Modine Manufacturing Price Performance

MOD opened at $125.24 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.00. Modine Manufacturing has a 52-week low of $64.79 and a 52-week high of $166.94. The stock has a market capitalization of $6.59 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 0.79 and a beta of 1.70. The stock’s 50 day moving average price is $144.01 and its 200-day moving average price is $136.61.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.09. The business had revenue of $738.90 million for the quarter, compared to analysts’ expectations of $699.91 million. Modine Manufacturing had a return on equity of 23.19% and a net margin of 6.93%.The business’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 EPS. On average, equities research analysts predict that Modine Manufacturing will post 3.88 EPS for the current year.

Insider Buying and Selling at Modine Manufacturing

In other news, CEO Neil David Brinker sold 31,871 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $160.56, for a total transaction of $5,117,207.76. Following the transaction, the chief executive officer directly owned 238,312 shares of the company’s stock, valued at $38,263,374.72. This represents a 11.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.48% of the stock is owned by corporate insiders.

Institutional Trading of Modine Manufacturing

Large investors have recently made changes to their positions in the stock. Capital Research Global Investors bought a new stake in Modine Manufacturing during the third quarter valued at about $184,610,000. Champlain Investment Partners LLC increased its position in shares of Modine Manufacturing by 244.3% during the 2nd quarter. Champlain Investment Partners LLC now owns 743,643 shares of the auto parts company’s stock valued at $73,249,000 after purchasing an additional 527,626 shares during the last quarter. Congress Asset Management Co. increased its position in Modine Manufacturing by 954.8% during the third quarter. Congress Asset Management Co. now owns 527,480 shares of the auto parts company’s stock valued at $74,987,000 after acquiring an additional 477,473 shares during the last quarter. Norges Bank bought a new position in shares of Modine Manufacturing during the second quarter valued at approximately $41,081,000. Finally, Hood River Capital Management LLC grew its position in Modine Manufacturing by 222.8% in the 2nd quarter. Hood River Capital Management LLC now owns 564,466 shares of the auto parts company’s stock valued at $55,600,000 after acquiring an additional 389,574 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors.

About Modine Manufacturing

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.